The global excavator market is expected to grow at a CAGR of 10.52%
during the period 2014-2019.

The global excavator market witnessed a healthy growth of 10.24% Y-o-Y
in 2014, as compared to 10.17% in 2013. The market was driven by
increased investment in the construction sector, particularly in APAC.
In 2014, APAC accounted for the highest market share of 70.41% of the
global excavator market.

Countries such as China, India, Indonesia, Singapore, Malaysia, and
Philippines have significantly contributed to the growth of the market.
Large-scale investments have been planned across these countries for the
development of transport infrastructure and construction of new power
plants, particularly nuclear. Further, investments in the mining sector,
particularly in Latin America, have also contributed to the growth of
the market. Owing to the above-mentioned factors, the demand for
excavators is expected to grow significantly during the forecast period.